Pac-West Telecomm Announces the Appointment of Bill Davidson to Its Board of Directors
02 November 2005 - 11:15PM
PR Newswire (US)
STOCKTON, Calif., Nov. 2 /PRNewswire-FirstCall/ -- Pac-West
Telecomm, Inc. (NASDAQ:PACW), a provider of traditional and
next-generation voice communications services in the Western U.S.,
today announced the appointment of Dr. William Davidson to its
Board of Directors. "We are very pleased that Bill has accepted the
invitation to join our Board of Directors," said Wally Griffin,
Pac-West's Chairman of the Board of Directors. "His background in
business transformation and telecommunications is ideally suited to
Pac-West's strategy to expand its services to provide an
infrastructure that enables any company to become a custom phone
company. We welcome Bill's insights and involvement to capitalize
on the opportunities we see ahead of us." Dr. Davidson commented,
"I am very excited by the direction the company is taking. Pac-West
is a 25-year old, well respected company with a unique opportunity
to take a lead role in enabling the next era of communications. By
making its assets and experience available to non-traditional voice
providers, Pac-West can dramatically change the communications
landscape, greatly increasing choice and services to consumers. I
am very pleased to join the Board of a company that is poised to
make such a dramatic difference in the way the world communicates."
Dr. Davidson has over 30 years of business and academic experience.
Recognized as the most frequently cited author in the field of
International Management during 1985-1994 by the Journal of
International Business Studies, he has authored 9 books and dozens
of articles on topics ranging from business strategy and management
to international investment and technology transfer.
Telecommunications specific areas cover topics such as the impacts
of regulation, IP telephony, the wireless sector and broadband
technology options and issues. Dr. Davidson has been a member of
numerous Boards focused on national policy, economic and technology
development, management and telecommunications. Since 1985, Dr.
Davidson has been the Chairman of MESA (Management Education
Service Associates), a research and consulting organization
specializing in business planning and executive development. From
1997 to 1998, Dr. Davidson was a partner at TVM Venture Group, a
German venture capital group focused on high-tech start-ups in
telecommunications, computing and biotechnology. From 1996 to 1997,
he was a National Partner for Deloitte & Touche Management
Consulting and Principal of the Telecommunications Consulting
Practice. Prior to that, Dr. Davidson was involved in the Harvard
Multinational Enterprise Project, supporting the Science Policy
Research Division, the Senate Subcommittee on International Trade
and conducting field research. Dr. Davidson holds a Doctorate in
Business Administration, and Masters of Business Administration
from Harvard Business School, as well as an undergraduate degree in
Economics from Harvard College. Dr. Davidson has been appointed to
serve on the Board's Compensation Committee. He will serve as one
of six Independent Directors, rendering the Board composition
compliant with SEC and Nasdaq requirements. About Pac-West
Telecomm, Inc. Pac-West is a provider of advanced communications
services that enable traditional and next-generation providers,
carriers, and service providers to efficiently design, deploy, and
deliver integrated communication solutions. Currently, Pac-West has
operations in California, Nevada, Washington, Arizona, Utah, and
Oregon. Founded in 1980, Pac-West Telecomm, Inc. has been offering
communication services to its customers since 1982 and has been a
leading provider of wholesale services to Internet Service
Providers. For more information, visit http://www.pacwest.com/.
Forward-Looking Statements In this press release, our use of the
words "outlook," "expect," "anticipate," "estimate," "forecast,"
"project," "likely," "objective," "plan," "designed," "goal,"
"target," and similar expressions is intended to identify
forward-looking statements. While these statements represent our
current judgment on what the future may hold, and we believe these
judgments are reasonable, actual results may differ materially due
to numerous important risk factors that are described in our Annual
Report on Form 10-K for the period ended December 31, 2004, as
filed with the SEC on March 30, 2005, which may be revised or
supplemented in subsequent reports filed by us with the SEC. Such
risk factors include, but are not limited to: our level of
indebtedness; an inability to generate sufficient cash to service
our indebtedness; regulatory and legal uncertainty with respect to
intercarrier compensation payments received by us; the migration to
broadband Internet access affecting dial-up Internet access; the
loss of key executive officers could negatively impact our business
prospects; an increase in our network expenses; migration of our
enterprise customer base to U.S. TelePacific Corp. occurring sooner
or later than contemplated; the possible delisting of our common
shares from the Nasdaq SmallCap Market; and our principal
competitors for local services and potential additional competitors
have advantages that may adversely affect our ability to compete
with them. DATASOURCE: Pac-West Telecomm, Inc. CONTACT: media,
Nicole Rayl, +1-209-926-4371, or , or investors, Reid Cox,
+1-209-926-3417, or , both of Pac-West Web site:
http://www.pacwest.com/
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